Higher Import of Cashew Nuts Lead The Price Drops in Australia

The wholesale price of Australian large and medium cashews nuts dropped by 2.7% month-on-month to USD 14.79 per kg and USD 14.09 per kg in W6 Jan 2022, respectively. The high demand for cashews led Australia to rely more on imported products. Australia increased cashews nut import by 45.1% in Q3 2021 compared to Q2 2021. Fulfilled domestic demand led the price of Australian large and medium cashew nuts to drop in January 2022